The shares have sunk below the float price and were trading at less than euro10 last week.

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For a while, Deutsche Telekom rode the wave up, and its shares soared to more than euro100 from a float price of euro14.32.

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Apple, by and large, likes to float above price wars.

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When it was allowed to float, its price soared at first, because of rampant inflation in the 1970s and early 1980s.

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There is no question that dividends are one way public companies return cash flow to investors, but statistics prove that float shrink is better for overall price performance as the stock of companies who shrink the float using free cash flow rise more then companies using the same amount of cash to pay dividends.

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When interest rates are allowed to float free of central bank intervention, the happy consequence of such a market-driven price is that in reaching natural levels conceived in the marketplace, the supply of and demand for credit is equalized.

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Among the proposals he wrote about most frequently were: severing the link to gold and letting the dollar float, fighting inflation by reducing the growth of the money supply, ending the draft, abolishing wage and price controls, and cutting taxes.

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And, given the risk that Denmark might in future give its currency a freer float, its interest rates are a percentage point higher than those for the euro, even though Danish consumer-price inflation has recently been lower than that in the euro area.

ECONOMIST: No from the Danes